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Frisch's Restaurants (FRS)

Frisch's Reports Higher 2nd Qtr Earnings

Frisch's Restaurants reported higher earnings for its 12-week fiscal second quarter ended December 15, 2009. Net earnings for the quarter increased 6.9% to $2,369,217 compared to $2,215,787 last year. Diluted earnings per share increased to $.46 per share, from $.43 per share last year. Sales declined 1.7% to $67,898,586 from $69,093,061 in last year's second quarter.
Craig F. Maier, President and CEO, said, "Same store sales at our Big Boy Restaurants decreased a modest 0.4% in the second quarter. The sluggish economy and continuing high unemployment have driven down customer traffic in our restaurants."

Jan 20 · 12:42:00 PM · Source: Company Press Release
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by Rich Pike

Ruby Tuesday (RT)

Ruby Tuesday Partners with Penske Racing

Ruby Tuesday has established a new partnership with Penske Racing for the 2010 NASCAR Nationwide Series season. Ruby Tuesday will serve as primary sponsor for six races on the No. 22 Dodge driven by series standout Brad Keselowski.
The specific races where Ruby Tuesday will serve as primary sponsor of the car have yet to be determined, but the No. 22 Ruby Tuesday Dodge is expected to make its debut as primary sponsor at the Richmond International Raceway race on April 30. Ruby Tuesday will be an associate sponsor of the team for the remaining 2010 Nationwide Series races.

Jan 20 · 12:26:00 PM · Source: Company Press Release
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by Rich Pike

Panera Bread (PNRA)

Panera Bread Introduces New Menu Items

Panera Bread embraces the New Year with new menu options for those looking to start the year off right. With the introduction of a new protein option to Panera’s product line-up, salmon-lovers can relish three new options: the Mediterranean Salmon Salad, Salmon Caesar Salad and Salmon Club Croissant. Those looking for better-for-you options will welcome the new Low-Fat Garden Vegetable Soup with Pesto and the Low-Fat Black Cherry Smoothie. Adding to its breakfast options, Panera combines two of its morning favorites to create the Asiago Bagel Breakfast Sandwich. Finally, in celebration of the season, dessert-lovers can indulge in a variety of seasonal cookies, including Valentine’s Day cookies. The beloved Irish Soda Bread and Hot Cross Buns will also return to participating bakery-cafes nationwide for a limited time.
“Our new Honey Tangerine Vinaigrette tasted so good on its own, but we really didn’t know how to bring this unique citrus flavor to our menu,” said Chef Dan Kish, Panera’s Vice President of Food and former associate dean at The Culinary Institute of America. “Once we paired it with our salmon filet, we knew we had finally found the right flavor combination for our menu.”

Jan 13 · 2:52:00 PM · Source: Company Press Release
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by Rich Pike

Tiffany (TIF)

Tiffany Says Holiday Sales Up 17%; Ups Forecasts

Tiffany & Co. Tuesday said worldwide sales during the two months holiday season -- the two months ended December 31, 2009 -- were up a healthy 17 percent vs. last year. Tiffany's management said it now believes net sales and earnings for the fiscal year ending January 31st will exceed its previous expectations.

Jan 12 · 11:08:00 AM · Source: Company News Release
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by Larry Etter

KB Home (KBH)

KB Home Q4 Revenues Down

KB Home, the Los Angeles-based homebuilder, said Tuesday that it had posted quarterly net income of $100.7 million, or $1.31 a share, compared with a net loss of $307.3 million, or $3.96 a share, in the year-earlier quarter. KB said the latest quarter included an income tax benefit of $191.7 million. Revenue for the quarter fell 27% to $674.6 million. The company said average selling prices of a home fell 12% from the fourth quarter of 2008, while deliveries decreased 22%.
Revenues topped analyst estimates.

Jan 12 · 10:59:00 AM · Source: Company News Release
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by Larry Etter

Burger King Holdings Inc. (BKC)

Deutsche Bank Downgrades Burger King (BKC) to Hold

Deutsche Bank downgraded Burger King Holdings Inc. from Buy to Hold.
Deutsche's analyst said "For fiscal 2Q10 (Dec qtr.), we have trimmed our SSS forecast to -3.4% from -2.7% previously. While this is not a huge reduction, the bigger concern is the current (Mar) quarter. We’re currently at -3.5% SSS, but the Dec/Jan trend suggests this could be too optimistic. We are lowering our FY10E EPS to $1.37 from $1.43 on lower sales and margin assumptions. FY11E goes to $1.58 from $1.66."

Jan 12 · 7:14:00 AM · Source: StreetInsider.com
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by Rich Pike

Disney (DIS)

Disney Completes Marvel Entertainment Acquisition

The Walt Disney Company announced that Disney has completed its acquisition of renowned character franchise company, Marvel Entertainment Inc.
Under the terms of the agreement and based on the closing price of Disney on December 31, Marvel shareholders will receive a total of $30 a share in cash plus approximately 0.7452 Disney shares for each Marvel share they own.

Dec 31 · 9:10:00 PM · Source: Reuters
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by Michael Oliveto

McDonald's (MCD)

McDonald's President Announces Sudden Retirement

The abrupt retirement of Ralph Alvarez, 55, McDonald's president and chief operating officer, came as a surprise to people in and around the company. The company announced December 1 that Alvarez was retiring, effective December 31, because of chronic knee pain.
His departure is the second time in a little more than three years that the company's No. 2 executive has left suddenly. In 2006, investors and analysts were similarly surprised when Alvarez's predecessor, Michael Roberts, announced his resignation.

Dec 31 · 12:38:00 PM · Source: Chron
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by Michael Oliveto

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